Business

HELSINKI — Chinese telecom company Huawei on Tuesday criticized the Estonian government and media for spreading what it says are “arbitrary and unfounded” allegations about cybersecurity risks related to the company’s mobile phones. Hong Yang, head of Huawei’s Baltic consumer business, said in a statement that the company “is always ready to defend its rights […]

Martin Crutsinger, The Associated Press Published Tuesday, October 15, 2019 9:50AM EDT Last Updated Tuesday, October 15, 2019 10:07AM EDT WASHINGTON — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. […]

The Canadian Press Published Tuesday, October 15, 2019 9:45AM EDT Last Updated Tuesday, October 15, 2019 1:50PM EDT OTTAWA — Home sales in Canada’s big cities continued a rebound in September with a 15.5 per cent increase in sales compared with a year ago, according to the Canadian Real Estate Association. The association said Tuesday […]

BERLIN — German newspaper Sueddeutsche Zeitung reports that Deutsche Bank gave expensive gifts to senior Chinese officials at a time when it was trying to establish itself as a major player in China’s financial industry. Together with German public broadcaster WDR and the New York Times, the newspaper reports that the bank also gave jobs […]

CANBERRA, Australia — Australia for the first time has cancelled a tourist’s visa over undeclared food as the country tries to keep itself free of African swine fever. The 45-year-old woman who arrived at Sydney International Airport on Saturday had undeclared food in her luggage including 4.5 kilograms (10 pounds) of pork, Agriculture Minister Bridget […]

Steve Peoples, The Associated Press Published Monday, October 14, 2019 1:20PM EDT NEW YORK — Facing intense scrutiny from U.S. President Donald Trump and his Republican allies, Hunter Biden says he will step down from the board of directors of a Chinese-backed private equity firm at the end of the month as part of a […]

The Associated Press Published Monday, October 14, 2019 12:06PM EDT Last Updated Monday, October 14, 2019 12:15PM EDT NEW YORK — Japanese investment firm Softbank could take control of WeWork as part of a financial package to address the company’s cash crunch since its botched effort to sell the public its stock, according to The […]

Robert Burns, The Associated Press Published Monday, October 14, 2019 10:00AM EDT Last Updated Monday, October 14, 2019 11:17PM EDT WASHINGTON — Targeting Turkey’s economy, U.S. President Donald Trump announced sanctions aimed at restraining the Turks’ assault against Kurdish fighters and civilians in Syria — an assault Turkey began after Trump announced he was moving […]

Paul Wiseman, Aleksandar Ljubojevic and Steve Leblanc, The Associated Press Published Monday, October 14, 2019 5:57AM EDT Last Updated Monday, October 14, 2019 2:11PM EDT STOCKHOLM — Two researchers from the Massachusetts Institute of Technology and a third from Harvard University won the 2019 Nobel Prize in economics on Monday for groundbreaking research into what […]

TORONTO — Five things to watch for in the Canadian business world in the coming week: Aphria call Aphria Inc. will hold a conference call to discuss its first-quarter financial results on Monday. Cannabis company Aleafia Health Inc. announced on Oct. 8 that it is moving to terminate its wholesale pot supply agreement with Aphria, […]